How Is Money Created? | Understanding Fiat Currency
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- Опубликовано: 1 июн 2024
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In a world of contactless credit card payments, paper currency may already seem outdated - but it's only been around for 200 years. On the other hand, bartering, coins, and other forms of exchange date back to ancient Mesopotamia. Discover how we got to fiat currency in this first of a two-part series about money creation. Continue this journey and discover the roles of cryptocurrency and the federal reserve by clicking the button at the end of the video or by following this link: • Should Currency Be Cen...
This video is from the series Macroeconomics Made Clear, presented by Akila Weerapana
To learn more about macroeconomics, visit www.wondrium.com
00:00 Currency in Ancient Civilizations
03:50 Three Main Functions of Money
06:20 The Origin of Paper Currency
09:27 What Is Liquidity?
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#macroeconomics #currency #dolladollabillyall
... first part of this video sound like describing water to a drowning man...
You are not transacting in money when you use electronic conveyances, you are transacting in claims to money. Banks crediting and debiting user accounts (bank liabilities) in the amounts is not a form of money recognized in law anywhere.
I been staying mackereled up for years now
The Collapse of these banks has torn into global markets, with investors ripping up their forecasts for further rises in interest rates and dumping bank stocks around the world. I'm at a crossroads deciding if to liquidate my dipping $480k stock portfolio, what’s the best way to take advantage of this bear market?
In my opinion, some of these banks were attempting to restructure their bond portfolio, which involved selling their low-yielding bonds despite the potential loss, and compensating for it by buying higher-interest-rate bonds on the open market.
I have learned to not trust corporations. I was badly hit by the '08 financial crisis. Since 2019, I've just been focused on investing through a financial advisor, and it has been paying off, and I'm never going back to banks full time.
My Financial adviser is *‘’JAMES GIFF GIFFOR ’’* he’s highly qualified and experienced in the financial market. he has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching him credentials further. he has many years of experience and is a valuable resource for anyone looking to navigate the financial market
Money can not be created out of thin air, money is commodity, can you create a chair out of thin air?
Currency is a different story, it can be either backed by money, or fiat, in which case you can create it out of thin air.
"How money is made worthless" would be more appropriate
Money is created by printing it ... End of story.
It's more co then that
@@formetoknow540... How?
So it's all a scam and there ain't no gold. Aw well...
What is? Money? Go to your bank and try to get money without some form of collateral (like a house, car or a job). Every loan is backed by something... at the very least trust that the loan will be payed back. The only people who don't know this are the people who can't get a loan because nobody trusts them. ;-)
@@schmetterling4477 I'm not serious here, but those paper tickets to live are often backed by a bullet in a thug's gun. It's sophisticated wampum. More apeish insanity that humans in their convoluted derangement imagine signifies a refinement of evolution; from the broken branch club, to sarin! It's a way that butchers in ivory towers steal away a person's life and devastate the earth whilst hypnotizing all and cleansing their conscience. I want it, and I'm going to get it or die trying. We all want it, because humanity is as small and petty as our collective imagination. We all have to get used to disappointment.
Money is just a debt.
Money Can Be Anything, But Granted That Money Is Debt How Does That Differ Than Money As a Note Because Some Notes Are Debt Not a Loan, While Other Notes Are Money, Then Some Notes Are Debt As In IOU Money
"The gold standard died out in 1933."
According to the Congressional Debates from March 4 1933 to March 9 1933, the USA's outstanding international debt was more than the gold that government held in reserve, and that the new banking and economic system that was being established with the Emergency Banking Act was to represent a mortgage on all the homes and other property of all Americans and that the new Federal Reserve Note would be worth 100 cents on the dollar; so FDR's Executive Order that confiscated all the gold and silver of the citizenry was a redistribution of wealth from the private sector into the public sector in order to figure out the total wealth of the nation for international solvency.
I find the professor's statement dishonest.